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Monday, November 7, 2011

Business Today: Futures drop on Italy, euro zone worry

Reuters
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11/7/2011
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LATEST NEWS
Futures drop on Italy, euro zone worry
NEW YORK (Reuters) - Stock index futures fell on Monday as political turmoil in Italy sparked worry the euro zone debt crisis could consume the region's third largest economy. | Full Article
Olympus ex-CEO to meet panel member next week
November 07, 2011 03:31 AM ET
TOKYO (Reuters) - Olympus Corp's ousted CEO Michael Woodford said he will meet in London next week with a member of the third-party panel probing past M&A deals at the endoscope maker. | Full Article
MF Global UK administrators reconciling positions
November 07, 2011 07:55 AM ET
LONDON (Reuters) - Administrators to failed brokerage MF Global's UK unit said on Monday they were reconciling cash positions of the firm before paying out money to anyone with a claim on the firm. | Full Article
Inflation, debt crisis hurt euro zone retail sales
November 07, 2011 06:54 AM ET
BRUSSELS (Reuters) - Retail sales in the 17 countries sharing the euro fell more than expected in September despite some resilience in powerhouse Germany, the EU's statistics office said on Monday, reinforcing concern that the bloc's economy may be heading for a recession. | Full Article
Best Buy bags U.S. mobile venture, axes UK chain
November 07, 2011 06:54 AM ET
LONDON (Reuters) - U.S. electricals retailer Best Buy Co Inc is buying its British partner out of a fast-growing U.S. mobile phone joint venture for $1.3 billion and scrapping plans for a chain of European megastores, it said on Monday. | Full Article
US TOP NEWS
Greek leaders set to pick new PM, media tips Papademos
November 07, 2011 08:04 AM ET
ATHENS (Reuters) - Greek political leaders were set to choose who will lead a new coalition on Monday and push through a bailout before the country runs out of money in mid-December, with local media tipping former ECB deputy head Lucas Papademos for the job. | Full Article
Berlusconi plays last cards, denies will resign
November 07, 2011 07:54 AM ET
ROME (Reuters) - Italian Prime Minister Silvio Berlusconi, under huge pressure from international markets and rebels in his party, tried to play his last cards on Monday to hang on to power and denied reports that he could resign within hours. | Full Article
Insight: Has Iran ended Israel's Begin Doctrine?
November 07, 2011 07:24 AM ET
JERUSALEM (Reuters) - Menachem Begin did not pull his punches. In 1981, as work neared completion on an Iraqi nuclear reactor that Israel believed would produce plutonium for warheads, the Israeli prime minister dispatched eight F-16 bombers to destroy the plant. Begin later said that the raid was proof his country would "under no circumstances allow the enemy to develop weapons of mass-destruction against our people". | Full Article
Inside Room 200, home of the "super committee"
November 07, 2011 07:17 AM ET
WASHINGTON (Reuters) - Deep beneath the Capitol is a red-carpeted room that recently reverberated to the sound of Democrats and Republicans singing together, and then to their angry exchanges over how to fix the U.S. budget. | Full Article
IAEA to say Iran nearing nuclear capability: report
November 07, 2011 06:37 AM ET
(Reuters) - Intelligence provided to the United Nations' nuclear watchdog agency shows that Iran has mastered the critical steps needed to build a nuclear weapon, The Washington Post reported on Sunday. | Full Article
HEALTH NEWS
Analysis: Lipitor, legendary cash cow, prepares for fadeout
Live liver donors have troubles years later: study
Heart procedures linked to cognitive decline
Novartis drug helps in severe childhood arthritis
Medicare change tied to safer weight loss surgery
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